Concrete Foundation Inc
- Assets
- $103.6m
- Revenue
- $10.1m
- Investments
- $78.2m
- Employees
- 0
- Location
- Craftsbury Common, VT
- Founding
- 05/2015
- Data as of
- 10/2023
- EIN
- 20-3794063
Organization Overview
Concrete Foundation Inc is located in Craftsbury Common, VT. The organization was established in 2015. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Concrete Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 10/2023, Concrete Foundation Inc generated $10.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $6.9m during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Concrete Foundation Inc has awarded 44 individual grants totaling $4,031,158. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION SUPPORTS AND PROMOTES PARTICIPATION AND EXCELLENCE IN NORDIC SKIING DURING THE MONTHS OF NOVEMBER THROUGH APRIL AT THE CRAFTSBURY OUTDOOR CENTER.
THE FOUNDATION SUPPORTS THE FIRST ROWING CAMP IN NORTH AMERICA, THE CRAFTSBURY SCULLING CENTER, REMAINS ONE OF THE DEFINITIVE TRAINING LOCATIONS & EXPERIENCES FOR SCULLERS WORLDWIDE.
THE FOUNDATION OFFERS THE FOLLOWING POST GRADUATE PROGRAMS: THE NORDIC SKIING GREEN TEAM, WHICH ALLOWS UP TO 13 SKIERS THE OPPORTUNITY TO CONTINUE TRAINING AND ATTENDING COMPETITIONS AFTER COLLEGE.SCULLING SMALL BOATS TEAM, WHICH ALLOWS UP TO 18 SCULLERS THE OPPORTUNITY TO CONTINUE TRAINING AND ATTENDING COMPETITIONS AFTER COLLEGE.THE BIATHLON GREEN TEAM WHICH ALLOWS UP TO 10 BIATHLETES THE OPPORTUNITY TO CONTINUE TRAINING AND COMPETING AFTER COLLEGE.THE RUNNING GREEN TEAM WHICH ALLOWS UP TO 10 RUNNERS THE OPPORTUNITY TO CONTINUE TRAINING AND COMPETING AFTER COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard A Dreissigacker Director/president | 2 | $0 | |
Julia H Geer Director & Secretary/treas | 2 | $0 | |
Stephen P Magowan Director | 2 | $0 | |
Jonathan Hammond Hosmer Point Camp Di | 40 | $67,757 | |
Chasidy Lamare Office Manager | 40 | $60,836 | |
Andrea Carpentier Bookkeeper/hr | 40 | $60,765 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kingdom Construction | 10/30/23 | $610,860 |
Sterling Mountain Solar | 10/30/23 | $261,420 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,188,847 |
| Interest on Savings | $198 |
| Dividends & Interest | $2,784,835 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $205,047 |
| Capital Gain Net Income | $670,441 |
| Net ST Capital Gain | $0 |
| Income Modifications | $120,155 |
| Profit on Inventory Sales | $71,050 |
| Other Income | $3,825,933 |
| Total Revenue | $10,075,910 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $3,507,090 |
| Pension plans, employee benefits | $0 |
| Interest | $1,710 |
| Taxes | $171,243 |
| Depreciation | $432,636 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $357,339 |
| Printing and publications | $21,326 |
| Other expenses | $2,195,164 |
| Total operating and administrative expenses | $6,909,107 |
| Contributions, gifts, grants paid | $6,718 |
| Total expenses and disbursements | $6,915,825 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,633,100 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $87,289 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $119,152 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $922,413 |
| Net Land, buildings, and equipment | $20,077,132 |
| Other assets | $498,697 |
| Total assets | $103,644,144 |
| Accounts payable and accrued expenses | $282,478 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $651,517 |
| Total liabilities | $933,995 |
Grants Awarded
Over the last fiscal year, Concrete Foundation Inc has awarded $6,718 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ALBANY COMMUNITY TRUST PURPOSE: GENERAL SUPPORT | $1,968 |
HARDWICK AREA FOOD PANTRY PURPOSE: GENERAL SUPPORT | $4,000 |
HARDWICK RESCUE PURPOSE: GENERAL SUPPORT | $750 |